By Steve McDonald Everyone by now is well aware of the fact that interest rates have been – and by recent measures, will continue to be – at near-record lows for some time.
The Fed’s efforts to increase the rate of inflation have been, for the most part, ineffective. And the interest paid to bondholders has remained very low by historical standards.
Most of us have adapted to the shift to the new normal, as it’s being called, by adjusting our expectations. But there are still those who think you can get blood out of stone… or in this case, double-digit yields in a low …read more
